Gyude Moore: Future of Global Development Finance System at Risk if China Wins Stand-off With IMF, World Bank

OLIVIER DOULIERY / AFP

If China is successful in its effort to force multilateral development banks (MDB) like the World Bank and the International Monetary Fund to accept the same kind of writedowns (known as ‘haircuts’) on loans to poor countries as other lenders, it would endanger the entire global development finance system. So argues the prominent Africa analyst Gyude Moore, a senior policy fellow at the Center for Global Development (CGD).

Moore laid out the threat in a CGD blog post published on Friday that explored the question “will China play its part in addressing African debt distress?”

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by Eric Olander

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